Tag Archives: spain

EU austerity contagion spreads (People’s Movement)


Italy’s government has approved a €345½ billion austerity budget that the prime minister, Silvio Berlusconi, said was the result of pressure from Finland, Germany, and the Netherlands. The draft measures—which must still go before parliament for final approval, expected in … Continue reading

Posted in Austerity / Cutbacks, Budget, Civil Rights & Liberties, ECB/IMF, Economy, Elections, EU, France, Germany, Greece, Italy, Superstate, Taxation | Tagged , , , , , , , , , , , , , , , , | 1 Comment

Euro crisis: “The euro area crisis has reached end game…” (Slugger O’Toole)


From Slugger O’Toole – Euro crisis: “The euro area crisis has reached end game…” The Italian finance minister, Giulio Tremonti, has held crisis talks with  Jean-Claude Juncker, chair of the Eurogroup of finance ministers.  The Spanish Prime Minister,  Jose Luis … Continue reading

Posted in Bankers' Bailout, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics | Tagged , , | Leave a comment

The ECB Job (2)


Telegraph – Financial crisis; Italy could tip euro into abyss: The relentless plunge of financial markets will lurch into a more dangerous phase that could take the global economy over the brink of disaster, unless the European Central Bank starts … Continue reading

Posted in Bankers' Bailout, Debt Default/Restructuring, ECB/IMF, Economy, EFSF / European Financial Stability Fund, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Geopolitics, Greece, ireland, Italy | Tagged , , , , , , , , , , , | Leave a comment

“Italy, Spain tumbling because 1 problematic structure (EFSF) conjured to prop up another (eurozone)” – Varoufakis


From Yanis Varoufakis – Why Italy? Why Spain? And why the EFSF’s size does not matter: Italy and Spain are tumbling because one problematic structure (the European Financial Stability Fund, the EFSF) has been conjured up in order to prop … Continue reading

Posted in Bankers' Bailout, Debt Default/Restructuring, ECB/IMF, Economy, ESM / European Stability Mechanism, EU, Greece, ireland, Italy, Spain | Tagged , , , , | Leave a comment

Update: The Panic of 2011 (2)


Irish Left Review, Michael Burke / Socialist Economic Bulletin – Panic on world markets: European (including British) stations are reporting the Wall Street-led declines as a response to the continued debt crisis in Europe. But this makes no sense. An EU … Continue reading

Posted in Bank Run, Bankers' Bailout, Breaking News, Budget, Debt Default/Restructuring, ECB/IMF, Economy, EFSF / European Financial Stability Fund, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Geopolitics, Greece, ireland, Italy, Spain, War & Peace | Tagged , , , , , , , , , , | Leave a comment

The ECB Job: Italy, Spain, Belgium on chopping block


RT – “Back to Feudalism”; Bailout Fallout – Italy, Spain next on Eurozone crisis ‘death list’?: In Europe, borrowing costs for Italy and Spain surged drastically, as traders rush to rid themselves of risky investments. Crisis talks beween Italy and … Continue reading

Posted in Bankers' Bailout, Breaking News, Debt Default/Restructuring, ECB/IMF, Economy, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Fraud, Gardaí / Police, Geopolitics, Italy, Spain | Tagged , , , , , , , , , , , | Leave a comment

The Italian Job


Yanis Varoufakis – Why Italy? Why Spain? And why the EFSF’s size does not matter; Reuters – Italy under fire in widening euro debt crisis; Spiegel Online – Betting on Default; Investors Lose Faith in Italy; Business Insider – NO … Continue reading

Posted in ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, Italy | Tagged , , , , | Leave a comment

Back where we started? Deal agreed at EU summit rests on some heroic assumptions (People’s Movement)


Back where we started? Euro-zone leaders took some measures last week to save their currency. But the deal agreed at the EU summit rests on some heroic assumptions. Moreover, with the confusion over figures and formulas that arose in its … Continue reading

Posted in Bankers' Bailout, Debt Default/Restructuring, ECB/IMF, Economy, EU, Geopolitics, Greece, ireland, Superstate | Tagged , , , , , , , , , , | Leave a comment

Homage to Catalonia; or “BTW, there’s a near-revolution in Spain”


EUobserver.com – Gemma Galdon Clavell is a researcher based at the Universitat Autònoma de Barcelona, where she focuses on public policy, community safety, incivility, surveillance and public space: Where next for the #spanishrevolution? – There is no blueprint, which makes … Continue reading

Posted in Civil Disobedience, Civil Rights & Liberties, Economy, Elections, EU, Gardaí / Police, Ideology, Youth | Tagged , , , | Leave a comment

Euro default “inevitable”: Former Bank of England Monetary Policy Committee member Blanchflower


From Robert Miller at the Telegraph – Blanchflower: A euro debt default ‘inevitable’: Former Bank of England Monetary Policy Committee member David “Danny” Blanchflower tells Robert Miller that a failure by the ECB to tackle the debt problems in the … Continue reading

Posted in Budget, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, ireland, Solutions | Tagged , , , | 1 Comment

Guest Post: Portugal finally admits that it needs a bail-out


And the Spanish economy minister tries to hold back the waves Portugal’s caretaker prime minister, José Sócrates, announced last week that he had asked the EU to bail out Portugal. In a televised address he said: I want to inform … Continue reading

Posted in Accountability, Bankers' Bailout, Budget, ECB/IMF, Economy, EU, Euro / Sovereign Money | Tagged , , | Leave a comment

Guest Post: EU “solidarity” that can only make our bad situation even worse


Just when you thought it couldn’t get any worse, along comes a new piece of EU “solidarity” that can only make our bad situation even worse. The Tánaiste, Éamon Gilmore, has admitted that Ireland will be required to pay approximately … Continue reading

Posted in Bankers' Bailout, Civil Rights & Liberties, Debt Default/Restructuring, ECB/IMF, Economy, EU, Geopolitics, ireland, Taxation | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

The Market Oracle: “Something has to give”


From Ashraf Laidi at The Market Oracle – ECB Peripheral Divergence and EUR/USD: The divergence (contradiction) between rising peripheral Eurozone bond spreads and the rising euro caused many to question the sustainability of the currency’s rebound. How could the euro … Continue reading

Posted in ECB/IMF, Economy, EU, Euro / Sovereign Money, ireland | Tagged , , , , , | Leave a comment

Telegraph: Flat-Earth ECB kicks Spain in teeth


From Ambrose Evans-Pritchard – Flat-Earth European Central Bank misreads oil spike again, and kicks Spain in the teeth: The reason why such shocks often lead to slumps is because policymakers make a hash of it. “The majority of the impact … Continue reading

Posted in Accountability, Debt Default/Restructuring, ECB/IMF, Economy, Energy / Natural Resources, EU, Euro / Sovereign Money, Geopolitics | Tagged , , , , | Leave a comment

Paul Krugman: Monetary Union experience – Ireland versus Nevada


From The New York Times – Can Europe Be Saved?: The tragedy of the Euromess is that the creation of the euro was supposed to be the finest moment in a grand and noble undertaking: the generations-long effort to bring … Continue reading

Posted in Accountability, Bank Run, Bankers' Bailout, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, History, Housing Bubble, Ideology, ireland, Solutions, Superstate | Tagged , , , , , , , , , , , , | Leave a comment

Celtic League: French Court Goes Kafka…


… because we’re all Good Europeans, now. From The Celtic League – Extradition Case Concerns: The Celtic League has received reports that a French appeal court has agreed to the extradition of a French woman to Spain for her activity … Continue reading

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